Iran has announced that it shipped more than seven million barrels of crude oil in only two days thus setting a new record in the country’s oil exports not seen in several years.
Iranian Minister of Petroleum Bijan Zangeneh said Tehran supports any move to stabilize the situation in the international crude oil market and improve the price of the product.
Iran’s petroleum minister says the terms of new oil deals, sweetened to tempt back foreign companies, have yet to be finalized, noting that critics’ concerns about the new contracts would be allayed.
Greece’s main oil refiner Hellenic Petroleum has reached an agreement with Iran for importing crude oil now that international sanctions have been lifted on Tehran.
Official in charge of the 12th edition of Kish International Energy Exhibition, dubbed Kish ENEX 2016, says a total of 195 companies from Iran and other countries have taken part in this year’s exposition.
Iran brings online two more operations in its biggest gas field, marking the opening of the first such project all carried out by domestic entities in the face of Western sanctions.
Implemented development plans of South Pars oil and gas field will be opened by President Hassan Rouhani on Monday as his government's top prioritized energy project.
Iran has made the necessary preparations for raising crude oil output after international sanctions are lifted later this month, a senior official says.
Tayyebniya said the national taxation program can help reduce reliance on petrodollars, warning that the country is already under strain as a result of a severe drop in oil revenues.
There is significant potential for the Japanese companies to participate in a variety of oil and gas projects in Iran, said Zanganeh after a meeting with the Japanese foreign minister.
Iran plans $50 billion of investment to boost recovery from its shared oil and gas fields, including 700,000 barrels per day of crude, Minister of Petroleum Bijan Zangeneh says.
Iran's oil minister says the Islamic Republic is determined to reclaim its share in global oil markets once sanctions imposed on the country’s energy sector are lifted.
Fararu, an Iranian news website, has predicted that Iran’s return to global oil markets will bring about a positive change for both producing and consumer nations.
The Iranian oil minister has said that the Islamic Republic plans to raise its oil exports after the implementation of the historic deal Iran and P5+1 clinched on July 14.
Turkey is discussing imports of fuel oil from Iran which is running a surplus of the product amid a decline in domestic consumption, local media said on Thursday.
